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Poll shows that most Americans support Trump's push to rebuild US shipsbuilding to compete better with China

Posted to Maritime Reporter on March 21, 2025

A poll conducted on Friday revealed that 72% of Americans said the U.S. could not remain dependent on China or other foreign shipbuilders. Morning Consult conducted a survey on March 10-12 of 2,204 adults for the Alliance for American Manufacturing.

CME to launch new wheat futures for Romania/Bulgaria, say traders

Posted to Maritime Reporter on March 21, 2025

CME Group, a financial markets operator, is developing plans to create a Black Sea Wheat Futures Contract that tracks Romanian and Bulgarian wheat prices. CME, the company that has U.S. Corn, Wheat and Soybean Futures that serve as global benchmarks for prices…

Carnival raises annual profit forecast on strong cruise demand

Posted to Maritime Reporter on March 21, 2025

Carnival Corp, the cruise operator, raised its profit forecast for 2018 on Friday. The company benefited from increased ticket prices, strong advance bookings, and strong customer spending on board. Although cruise ticket prices are on the rise…

Spiegel reports that Germany has confiscated a tanker belonging to the Russian "shadow fleet".

Posted to Maritime Reporter on March 21, 2025

Spiegel, citing anonymous security sources, reported that Germany had confiscated an old tanker, found drifting off its northern coast, believed to be a part of the shadow fleet Russia used to circumvent oil sanction. German authorities seized the Panama-flagged vessel…

Spiegel reports that Germany has confiscated a tanker belonging to the Russian "shadow fleet".

Posted to Maritime Reporter on March 21, 2025

Spiegel, citing anonymous security sources, reported that Germany had confiscated an old tanker, found drifting off its northern coast, believed to be a part of the shadow fleet Russia used to circumvent oil sanction. German authorities seized the Panama-flagged vessel…

French and Benelux stocks: Factors to watch

Posted to Maritime Reporter on March 21, 2025

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. BENETEAU: Beneteau announced on Thursday that it expects to see a drop of 5%-10% in 2025 in demand and sales. The company cited further destocking during the first half year.

Hanwha Aerospace, South Korea plans a $2.5 billion capital increase for both domestic and foreign expansion

Posted to Maritime Reporter on March 20, 2025

Hanwha Aerospace Co Ltd, South Korea's biggest defence company, announced on Thursday that it planned to increase its equity capital by 3.6 trillion won ($2.5billion) in order to expand overseas and domestic production. Hanwha said it "plans"…

Jordanian traders claim that Jordan has bid to purchase 120,000 metric tonnes of feed barley.

Posted to Maritime Reporter on March 20, 2025

European traders reported on Thursday that Jordan's state grain buyer had issued an international tender for the purchase of up to 120,000 tons of animal feed barley. The deadline to submit price proposals in the tender is 26 March. The traders…

Ethiopian PM rejects war with Eritrea on Red Sea access

Posted to Maritime Reporter on March 20, 2025

Ethiopian Prime Minister Abiy Abiy Ahmed announced on Thursday that the government will not engage in conflict with Eritrea, a long-time enemy over the Red Sea access. This comes after officials and experts from the region warned of the possibility of war between the Horn of Africa neighbors.

Turkey receives offers for 18,000 T of sunflower oil, traders report

Posted to Maritime Reporter on March 20, 2025

Traders said that the lowest price in Turkey's tender by TMO, Turkey's grain board, to buy about 18,000 tons of crude sunflower oil, was $1,209 per metric ton, c&f. They said that the offer is believed to have come from the company Yayla, for 6…

The University Boat Race crewing row creates waves

Posted to Maritime Reporter on March 19, 2025

Three Cambridge University rowers have been barred from participating in this year's Boat Race because they do not hold degrees. An independent interpretation panel ruled, after an Oxford objection that the three Cambridge Rowers were PGCE and not degree students and were therefore ruled-out.

ArcelorMittal South Africa has entered into discussions to delay the closure of a long-running steel plant

Posted to Maritime Reporter on March 19, 2025

ArcelorMittal South Africa announced on Wednesday that it was in discussions with the government and others parties about funding to delay the planned closing of its long-stack steel operation. After discussions with the government, the steelmaker…

UNHCR: Six migrants dead, 40 missing after shipwreck near Lampedusa in Italy

Posted to Maritime Reporter on March 19, 2025

A spokesperson for the United Nations Refugee Agency (UNHCR), said that at least six migrants had died and forty were missing following a shipwreck near the Italian island of Lampedusa. Separately, the Italian coastguard confirmed that it intervened…

Turkey announces a 1 million ton corn import quota

Posted to Maritime Reporter on March 19, 2025

The Turkish government announced on Wednesday a 1,000,000 metric ton limit for the import of animal feed corn. This was published in the Turkish Official Gazette. Imports within the quota are allowed at a lower customs duty. Last summer, Turkey…

Markert's death is a shock to the Olympic community

Posted to Maritime Reporter on March 19, 2025

PYLOS (GREECE), March 19, 2019 - On Wednesday, the Olympic community paid tributes to World Sailing Vice-President Line Markert after she, her partner and their son died in a plane accident in Switzerland. Thomas Bach, President of the International Olympic Committee (IOC)…

US strikes Houthi leaders' hideouts in Yemen, Yemeni sources claim

Posted to Maritime Reporter on March 19, 2025

Houthi media reported that the U.S. conducted airstrikes overnight on multiple targets in Yemen, including Saada Province, which Yemeni officials say has been a hideout for Houthi leadership for many years, and Hodeidah port city on the Red Sea.

Wheat drops in Black Sea expectations, corn falls on US planting prospects

Posted to Maritime Reporter on March 19, 2025

Chicago wheat fell on Wednesday after the top grain exporter, Russia, agreed to temporarily stop attacking energy installations in rival supplier Ukraine. However it refused to endorse a complete ceasefire. The corn market fell again, mainly…

The euro is still strong, and it weighs down on EU wheat as Trump-Putin's call is monitored

Posted to Maritime Reporter on March 18, 2025

The benchmark wheat price on Euronext dropped on Tuesday. This was due to the continued strength of the euro, and a more subdued market in Chicago. Traders were watching U.S.-Russian negotiations aimed at a ceasefire agreement in Ukraine. Euronext's…

Parents of missing Pittsburgh student in Caribbean seek death certificates

Posted to Maritime Reporter on March 18, 2025

According to a letter from a police source released on Monday, the parents of an Indian student who attended a U.S. college and went missing from a popular Dominican Republic tourist resort earlier this month have asked for police to declare their child legally dead. The investigation remains open.

Bangladeshi traders claim that Bangladesh will buy 50,000 T of rice at the March 11th tender.

Posted to Maritime Reporter on March 18, 2025

According to traders, Bangladesh's state grain buyer will have to purchase about 50,000 metric tonnes of rice from India as part of an international tender that closed on March 11. The lowest bid in the tender was $429.55 per ton CIF liner.

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